The cryptocurrency market displayed bullishness today. The improved sentiment emerged after the better-than-anticipated United States inflation report. Meanwhile, leading crypto assets contributed to upsides, pushing the global cryptocurrency market capitalization +2.58% higher to $870.28 billion.
Also, the overall cryptocurrency market volume increased by 56.97% over the last 24hrs to $52.70 billion. BTC gained 3.44% to $17,769.79, while Ethereum’s 3.69% jump placed it at around $1,318.91.
Meanwhile, top gainers included Toncoin (TON), Aptos (APT), and Solana (SOL). The digital asset market witnessed an eventful day. Moreover, investors remain focused on the United States Fed’s rate decision later today, which will direct the cryptocurrency industry in the short term.
Today’s Top Gainers
Toncoin stole the show as far as today’s crypto gainers are concerned. The alt gained 12.06% overnight to hit $2.45, with $87630,674 24hr trading volume. Toncoin boasts a $2,990,483,809 live market capitalization, ranking #22 on Coinmarketcap. It has a 5,000,000,000 maximum supply.
Solana gained 5.64% to $13.83, with its 24hr trading volume at $324,022,688. The alt has a $5,070,401,980 live market cap, ranking #14 on Coinmarketcap.
Aptos (APT) gained 3.96% to $4.64 early on Wednesday. The alternative token capitalized on the improved market-wide sentiment to print upsides. APT had a live market capitalization of $603,238,239, currently ranking #62 (Coinmarketcap).
Meme Tokens Today
The original canine-themed token Dogecoin gained 1.56% to $0.091062. Meanwhile, its 24hr trading volume gained 37.71% to explore the $726,277,040 level. The rival Shiba Inu gained 3.42% within the past day to $0.00000915.
Stacks led the downward trip today, losing approximately 9.16% to $0.283693. Its daily trading volume was $47,534,684, whereas STX’s market cap hovers at around $382,596,950.
November Inflation Figures Lift Investor Sentiment
The United States inflation numbers show (yesterday) that the CPI (consumer price index) gained 0.1% in November versus October’s 0.4%. That will likely affect the central bank’s rate-hiking spree. The NASDAQ Composite and the S&P 500 gained 1.01% and 0.73%, respectively. Meanwhile, the Dow Jones gained 0.30% to 34,108.64 points.
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